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Nov 29, 2012
11/12
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., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it will not impact bp's current contracts. earlier this month, bp pled guilty to charges connected to the 2010 deepwater horizon spill and was slapped with a $4.5 billion fine.
., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his...
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Dec 4, 2012
12/12
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KRCB
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. >> susie: american automakers got a bump up in sales in november, thanks to super storm sandy. consumers postponed purchases when the hurricane hit in october, and resumed buying last month. but as diane eastabrook reports, the looming fiscal cliff could cause that sales momentum to lose traction. >> reporter: november turned out to be a good month for the big three and a great month for eir foreign competitors. g.m. and ford both saw a modest uptick in vehicle sales last month-- while chrysler got a double digit boost. but competitors from europe and japan blew the domestics doors off. sales at v.w. were up just under 30%. while honda led the japanese pack with a sales increase of just under 40%. the car companies think super storm sandy pushed some sales the last weekend of october into november. morningstar auto analyst richard hilgert agrees sandy helped, but the storm wasn't the primary reason november was such a strong month. >> we've got a lot of pent up demand still out there-- pent up demand coming from, especially from the average age of the vehicles being over eleven
. >> susie: american automakers got a bump up in sales in november, thanks to super storm sandy. consumers postponed purchases when the hurricane hit in october, and resumed buying last month. but as diane eastabrook reports, the looming fiscal cliff could cause that sales momentum to lose traction. >> reporter: november turned out to be a good month for the big three and a great month for eir foreign competitors. g.m. and ford both saw a modest uptick in vehicle sales last month--...
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superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there were 200 to 250,000 cars destroyed. not quite that many were sold last month but played into the increase we saw to a certain extent. used car sales were not up as much. true car.com estimating 4%. lori: give the time of year i was reading that the storm and length of time on average people holding onto the cars is like 11 years is actually giving support to overall car prices. can you comment on that? >> yes. sales, transaction prices were up. so were incentives. so kind of balanced itself a little more. people are spending more on cars. shoving a
superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there...
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sandy? >> ford recalling nearly 90,000 vehicles. did your car make the list? we've got the details coming up. >>> plus, the chances of falling off the fiscal cliff, it's not stopping one top money manager from buying. bob doll, he sells us where he's putting his money to work now. that's next. there is no mass-produced human. every humabeing is unique. and ther one store that recognizes it. the sleep number store. the only place in the world u'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you adjust to the support your body needs. each of your bodies. in theame of human individuality: the sleep number collelectn. discover h our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. is holi
sandy? >> ford recalling nearly 90,000 vehicles. did your car make the list? we've got the details coming up. >>> plus, the chances of falling off the fiscal cliff, it's not stopping one top money manager from buying. bob doll, he sells us where he's putting his money to work now. that's next. there is no mass-produced human. every humabeing is unique. and ther one store that recognizes it. the sleep number store. the only place in the world u'll find the extraordinarily...
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what is going to happen to the victims of hurricane sandy? in all the boroughs. everywhere you go. those who are having the same issue. what is there going to be a quality life in 10 years? neil: did you have any chance of dressing up as to talk about and it is? >> president obama i met personally. and i told him that he lied, enter, lies, they are all liars. neil: you told him that the presence face? >> well, he told me to relax. when i told him -- neil: he told you last? >> yes, he said let me tell him my concerns. and i said president obama, you are not doing what you're supposed to be doing. he said scott, fema works for me and i can help you with insurance and without your -- with your mortgage, they took down my information and they wrote down my name two days later we heard from the mouth and right after we talked to the guy, they did give his rentals systems the ascends the same day i spoke to the president, $3000 from i believe it was under a lot of pressure. my wife handles that. and they are telling you every two months must be concerned. come look at my house, that's wh
what is going to happen to the victims of hurricane sandy? in all the boroughs. everywhere you go. those who are having the same issue. what is there going to be a quality life in 10 years? neil: did you have any chance of dressing up as to talk about and it is? >> president obama i met personally. and i told him that he lied, enter, lies, they are all liars. neil: you told him that the presence face? >> well, he told me to relax. when i told him -- neil: he told you last? >>...
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among the monsters like isaac in the gulf and sandy in the east. tonight, abc's dan harris tells us what this means for the future. >> reporter: a surge of storms pummelling the american coastline. watch this year's busy hurricane season play out in just seven seconds. one storm, piling on after the other. leaving people whose lives were uprooted by sandy -- >> we are extremely, extremely frustrated. this is what you need to understand. >> reporter: -- coming to terms with the harsh new reality that may affect millions of americans who live near the water. >> it's not safe for us to live there. the next storm that hits, everybody is going to be vulnerable. >> reporter: for these people, meeting with government officials thursday night, today's hurricane season statistics are not just numbers. so, this year was bad and there's every reason to believe that next year, the year after and the year after that could be bad? >> i think it's pretty safe to expect continued years of busy hurricane seasons. >> reporter: so, what's going on here? not only are
among the monsters like isaac in the gulf and sandy in the east. tonight, abc's dan harris tells us what this means for the future. >> reporter: a surge of storms pummelling the american coastline. watch this year's busy hurricane season play out in just seven seconds. one storm, piling on after the other. leaving people whose lives were uprooted by sandy -- >> we are extremely, extremely frustrated. this is what you need to understand. >> reporter: -- coming to terms with the...
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Nov 30, 2012
11/12
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MSNBCW
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as expected, initial unemployment claims surged after hurricane sandy devastated parts of the northeast. but today's numbers, from the department of labor, show the second straight week of decline. evidence of steady improvement in the labor market. the good news keeps on coming. the commerce department reports economic growth of the third quarter was actually better than first reported. the initial estimate had a gdp growth of just 2%. this morning the commerce department revised its estimates to show growth of 2.7%. that's the best gdp figure since the end of 2011 and the second best of the last three years. so things are looking up. president obama has an improving economy on his hands in spite of all the do-nothing congress that's going on in washington. anyone who still thinks that the term "do-nothing congress" is just a little too harsh, take a look at this. 906 bills were r passed from january 1947 through december of 1948. by the body that president harry truman listed and labeled as the do-nothing congress. the current congress with one month to go has passed 196 bills. by far
as expected, initial unemployment claims surged after hurricane sandy devastated parts of the northeast. but today's numbers, from the department of labor, show the second straight week of decline. evidence of steady improvement in the labor market. the good news keeps on coming. the commerce department reports economic growth of the third quarter was actually better than first reported. the initial estimate had a gdp growth of just 2%. this morning the commerce department revised its estimates...
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Nov 29, 2012
11/12
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CNBC
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i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why mil
i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible...
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Nov 30, 2012
11/12
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CNNW
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when sandy hit, everybody lost power. the reason everything else is dark is because of the infrastructure. usually the island has all these flood lights. you can just see lady liberty there. 12 feet of storm surge down in lower manhattan, think about what that was with lady liberty by her lonesome. >> another neat thing is that lady liberty got sandblasted. when you have an opportunity to look at her, her green is different on her belly than on the top of her. >> really? >> yeah, take a look at that. she got sandblasted and cleaned in the process. there are bright spots. the people working on this, this is their passion, this is their love. they are going to do a great job. it will be open again. >> 27 minutes after the hour. mom and pop shops all over the country hanging on washington's every single move. coming up, a closer look at the fiscal cliff and how it could affect small businesses. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and
when sandy hit, everybody lost power. the reason everything else is dark is because of the infrastructure. usually the island has all these flood lights. you can just see lady liberty there. 12 feet of storm surge down in lower manhattan, think about what that was with lady liberty by her lonesome. >> another neat thing is that lady liberty got sandblasted. when you have an opportunity to look at her, her green is different on her belly than on the top of her. >> really? >>...
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Nov 29, 2012
11/12
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CNBC
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>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all negative today, a lot of the apparel retailers were positive. 5%, 10%. that's a positive sign. >> quick comment on tiffany. huge miss. stock's a mess. is this company specific or is it luxury that we need to watch out for? >> i think it's, "a," it's company specific. i think it's luxury you want to watch. if any consumer is watching this fiscal cliff, it's really the luxury customers. it's not the american eagle customers. the american eagle customers think fiscal cliff is really a rock climbing event. >> steve, good to have you on the show as always. >> thanks a lot. >> murph, what do you do
>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all...
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Dec 4, 2012
12/12
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FOXNEWSW
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commerce department says it's not mostly sandy. it's other stuff. we are expecting home building to have the first positive impact on construction this year since 2005 think about that that's very good news. sandy will have a impact next month. >> haven't been able to get in there much yet. >> that's right. >> gerri willis, good to see you. >> good to see. >> you there is a shortage of small town doctors, anybody in a small town knows that national health fewer than 10% practice in rural areas. even though a quarter of the u.s. population lives there but medical schools are trying to reverse the trend. alicia acuna with more on that from our rockie mountain newsroom. >> hi, shep. this is an idea in the works by the university of kansas medical school. they have opened up satellite campus small town educating future dock norris a place where they will see patients. these medical students in salina kansas are pioneers. >> it's a great feeling because we are doing something that nobody has done before. >> attending what may be the smallest school in th
commerce department says it's not mostly sandy. it's other stuff. we are expecting home building to have the first positive impact on construction this year since 2005 think about that that's very good news. sandy will have a impact next month. >> haven't been able to get in there much yet. >> that's right. >> gerri willis, good to see you. >> good to see. >> you there is a shortage of small town doctors, anybody in a small town knows that national health fewer...
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Nov 30, 2012
11/12
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CNBC
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on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another network and i went po minneapolis and met with the then-ceo of super value right after they did this deal. because they were a distributor and a wholesaler. then they bought cub foods and they got more into the retail game, changed their game, spending a lot, borrowing a lot, their debt rating was junk. he seemed very confident. he's gone now. >> i wonder how it lost its way in such a grand way. new until you see the numbers you don't realize how bad it is. >> do you think there's another lesson here because super value should be perceived as a "safe" company gi
on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another...
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industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >> jeff from chicago. >> literally up to speed. >> ha-ha, very good. >> thank you, couldn't resist. >> well -- >> ups and amazon have jobs in the shipment facilities, but there's not a way to fill them. tell you why. >> all right. the idea that the president should negotiate the debt deal with congress on c-span, they should televise the whole thing. realistic or something we would ever want to watch? neil cavuto, we'll see what he thinks of it. heath coming up live in studio, but, first, markets here on "markets now," and here's the win
industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >>...
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Dec 4, 2012
12/12
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CNBC
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over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a deal? >> i'm concerned about it. the good news is everybody sees this as an opportunity to really show american global leadership. the rest of the world is all messed up on this. we can show them how to get it done. they've also all agreed on the three buckets, that being revenues, entitlements, and spending reductions. the bad news is they haven't agreed on how much into each bucket. and i don't think they're trying to create a win/win for each other. most good negotiations, you try to help the other person come out with a win. i don't see that here. >> you h
over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a...
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Nov 30, 2012
11/12
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FBC
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one of the reasons was superstorm sandy affected business. so they're off to a slow start for the current quarter. as for the third quarter just wrapped up, really solid numbers. profits rose by 57% in q3. they raised their numbers for the full year but genesco obviously a big loser today. back to you. melissa: thanks so much, lauren. lori: president obama finally lit up his plan for avoiding the fiscal cliff. melissa is fully in favor of it. but republicans are not taking the bait. peter barnes is with us in d.c.. >> speakser boehner was back out in front ever the cameras the last hour splam slamming the president's proposal yet again but willing to move forward in good faith to reach a deal to avoid the fiscal cliff. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult but if you watched me over the last three weeks i've been very guarded what i have to say. i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> as you recall the president
one of the reasons was superstorm sandy affected business. so they're off to a slow start for the current quarter. as for the third quarter just wrapped up, really solid numbers. profits rose by 57% in q3. they raised their numbers for the full year but genesco obviously a big loser today. back to you. melissa: thanks so much, lauren. lori: president obama finally lit up his plan for avoiding the fiscal cliff. melissa is fully in favor of it. but republicans are not taking the bait. peter...
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Dec 5, 2012
12/12
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CNBC
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley: sounded good to begin with then you take in those factors as peter outlined, maybe not so good. peter, thank you so much. tracy: there is lot more ugly in the report and we'll talk about it now actually bec
sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but...
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Dec 5, 2012
12/12
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CNBC
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 5, 2012
12/12
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WJLA
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. >> reporter: sea levels rising means even more after a storm like sandy. and we learned today that the white house is requesting $50 billion to cover the damage from that epic storm but the states involved say that isn't going to be enough. >> these bulletins just keep coming. >> reporter: right. and they keep finding these reports and records. they will. we started records in 1979 in sea ice melt. they will keep changing. and the man i talked to, he anticipates more. >> thank you so much, ginger. >>> now, we turn to the news that a lot of ordinary americans have been put on notice, as we approach that fiscal cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's be
. >> reporter: sea levels rising means even more after a storm like sandy. and we learned today that the white house is requesting $50 billion to cover the damage from that epic storm but the states involved say that isn't going to be enough. >> these bulletins just keep coming. >> reporter: right. and they keep finding these reports and records. they will. we started records in 1979 in sea ice melt. they will keep changing. and the man i talked to, he anticipates more....
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Nov 29, 2012
11/12
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KGO
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here, new york city, the morning after hurricane sandy, commuters boarding a ferry. and what about those animal trainers who dressed up like panda bears to lovingly carry a giant panda toward freedom in the wilds of china? finally, president obama on the campaign trail, hoist into a real bear hug by a pizza shop owner in florida. >>> and, our video tonight has everybody wondering if they were dreaming. let's say you're looking out a window on staten island in new york and you see this. from out of nowhere, a runaway pony, trotting down the street, pursued by a zebra? a stunned store owner grabbed his smartphone so everybody would believe him. it turns out the unlikely pair escaped from a nearby petting zoo. they were caught and returned safely. rubbing their eyes today on staten island. if you see something tomorrow you'd like to show all of your friends, let us know. tweet me your ideas for the "instant index," @dianesawyer. >>> and, coming up, if you bought a lottery ticket with a friend or a co-worker, you have to stay tuned and see what we're going to tell you ne
here, new york city, the morning after hurricane sandy, commuters boarding a ferry. and what about those animal trainers who dressed up like panda bears to lovingly carry a giant panda toward freedom in the wilds of china? finally, president obama on the campaign trail, hoist into a real bear hug by a pizza shop owner in florida. >>> and, our video tonight has everybody wondering if they were dreaming. let's say you're looking out a window on staten island in new york and you see this....
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are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all year-round. gerri: up 7.5% for the big charities. that is an amazing number. ken, thanks for coming on. it is charitynavigate tore.org, correct? >> correct. gerri: great website. president obama and his family getting into the christmas spirit at the 90th tree-lighting ceremony at the whites house. it was transplanted to the white house days before the hurricane. look at that. it is cool. it made it through unharmed. obama was saying santa claus is coming to town. this is the tree outside. guess what? there are 54 more of them inside the house. than last year. the
are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all...
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Nov 30, 2012
11/12
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FBC
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usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as opposed to different prices to different customers. david: now you have a defensive pick. if you're less certain about the continued economic recovery you would pick fortune brands home and security. why? >> yes, sir. fortune brands is market share leader in plumbing. market share leader in the cabinet business. huge exposure to new residential construction. if they get higher volumes, that will drive profitability. have ex-streamly high quality management team. the best in class operator. we like their dominant dogs in the categories they operate. look for continued share gains and extremely robust earnings
usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as...
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david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow right now. dell, however, had a nice pop today based on what goldman sachs was saying about it. >> exactly. goldman upgrading the stock all the way to a buy from a sell. it was one of the best performers not only on the s&p 500, but also on the nasdaq 100. so dell certainly a winner today. >> and, lauren, we saw you wearing your uggs on the trading floor, deckers outdoor the maker of those boots, it's getting a nice pop. >> up more than 9%. the folks over at stern ag upping the stock to a buy but also saying the season of the ugg is going to be august of
david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow...
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Nov 29, 2012
11/12
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CNBC
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. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at past eight trading days and i was wondering if this was any case the stocks were to pop. cldx is the prop. don't know why it's up. got to come back. sorry. could be a could good expectation. >> all my florida calls are so -- what do you got? you got this guy mr. social meaning he knows how to use social media better than anyone i've ever seen. >> stephanie lake, we were talking, i said this is right now one of my absolute favorite stocks between now and when this deal closes, underrated, so smart, it will do 14, what he has done for coffee! let's go to john in colorado. >> hi, jim. i'd like to gi
. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at...
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Dec 3, 2012
12/12
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CNBC
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eye 168
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sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we...
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Nov 30, 2012
11/12
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CNNW
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an exclusive look here at lady liberty after superstorm sandy. >> we have a packed show ahead. steny hoyer, harvard economics pro-presser ken rogoff. russell simmons, former presidential candidate jon huntsman and good samaritan larry deprimo. >> gave the boots to the homeless man. we're going to get the whole back story there. it is friday, november 30th. tgif. to you and you as well. "starting point" begins right now. >>> your elected officials trading insults, playing the blame game here as the clock is winding down on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, t
an exclusive look here at lady liberty after superstorm sandy. >> we have a packed show ahead. steny hoyer, harvard economics pro-presser ken rogoff. russell simmons, former presidential candidate jon huntsman and good samaritan larry deprimo. >> gave the boots to the homeless man. we're going to get the whole back story there. it is friday, november 30th. tgif. to you and you as well. "starting point" begins right now. >>> your elected officials trading insults,...
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he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a trick. a way to do it differently they save a lot of money. they hang onto the money for entire year and earn interest on it. god forbid you leave the company and never see the money. for workers you don't earn on money all year long. not in your 401(k) growing. these are the kinds of things we'll see companies doing to adapt to this new normal. >> if ibm gets away with it i'm sure they will. they are a benchmark. if they successfully push it through, the company that didn't fail, didn't have a crisis during the crash we'll
he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching...
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Dec 3, 2012
12/12
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CNBC
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 3, 2012
12/12
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FOXNEWSW
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she postpones her annual hole wean party because of super storm sandy and showed up park. then she went to lyndon hurst, which was devastated by sandy, then she was a huge hit. >> steve: you appear to be tracking her. >> brian: i have a little bit of a problem. i focus on klum. >> gretchen: he moved on from petra. >> steve: he'll never move on from her. >> gretchen: kids in five states will be spending more time in school now. colorado, connecticut, massachusetts, new york, and tennessee will add 300 hours of class time for some schools starting next year. this is going to be a three-year pilot program. the aim is to make kids more successful in class and make schools more competitive globally. it's paid for with a mix of federal, state and district funds. >> steve: meanwhile, one of america areas most notorious serial killers may have solved more cold cases. cops in illinois plan to use john wayne gacy's blood to possibly link his dna to other murders. they also want to use dna samples from other killers executed before dna analysis became standard practice and hope to sh
she postpones her annual hole wean party because of super storm sandy and showed up park. then she went to lyndon hurst, which was devastated by sandy, then she was a huge hit. >> steve: you appear to be tracking her. >> brian: i have a little bit of a problem. i focus on klum. >> gretchen: he moved on from petra. >> steve: he'll never move on from her. >> gretchen: kids in five states will be spending more time in school now. colorado, connecticut, massachusetts,...
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Dec 5, 2012
12/12
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WBAL
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now for our "making a difference" report, it is another night of struggle for all of the hurricane sandy victims, all over this part of the country. folks are still looking for homes and apartments to live in until they're back on their feet. they're getting help every day, they know what suffering is like because they have been there themselves. tonig tonight's stephanie gosk has more on first responders in new orleans, making a difference up north. >> reporter: starting the day after a hurricane is a physical and emotional job. firefighters from new orleans who lived through hurricane katrina six years ago remember it well. >> i know what the people up here are going through, they're like how am i going to get this? >> reporter: they also remembered that the new york fire department was on the door steps helping just days after the levees broke. this captain's house flooded up to the roof. >> that was the biggest thing. >> reporter: now the firefighters from new orleans want to repay the favor. >> any country, any state. it is a connection between the fire department. and new york is l
now for our "making a difference" report, it is another night of struggle for all of the hurricane sandy victims, all over this part of the country. folks are still looking for homes and apartments to live in until they're back on their feet. they're getting help every day, they know what suffering is like because they have been there themselves. tonig tonight's stephanie gosk has more on first responders in new orleans, making a difference up north. >> reporter: starting the...
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Nov 29, 2012
11/12
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FBC
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eye 199
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kohl's is blaming hurricane sandy. maybe -- i can't wait to hear the retailers and how much did hurricane sandy affect business? the one good piece of news is the thanksgiving weekend shopping was good and encouraging. stuart: hold on a second. as soon as you said kohl's is blaming hurricane sandy charles purcell with laughter. charles: it is a disingenuous -- i wish these companies would come clean at least internally. coles has been in trouble. they were a star a decade ago and have not kept the magic going. who goes to cold anymore? go to wal-mart or target. nicole: if you are stuart varney the to the third floor of tiffany. stuart: good one. kohl's is down. thank you very much. the fbi processes 150,000 background checks for gun purchases just on black friday alone. gun sales clearly booming. worried that president obama will take away their second amendment rights. do you remember this? >> you will see a siege on the second amendment we have never seen before. president obama is trying to camouflage this issue, fo
kohl's is blaming hurricane sandy. maybe -- i can't wait to hear the retailers and how much did hurricane sandy affect business? the one good piece of news is the thanksgiving weekend shopping was good and encouraging. stuart: hold on a second. as soon as you said kohl's is blaming hurricane sandy charles purcell with laughter. charles: it is a disingenuous -- i wish these companies would come clean at least internally. coles has been in trouble. they were a star a decade ago and have not kept...
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Dec 5, 2012
12/12
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CURRENT
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after superstorm sandy guess what he wanted money from? the federal government. he is entitled to seventies 5% of cost and repairs, et cetera. he didn't ask for 75%. >> i am requesting that the federal government exercise its discretion: >> cenk: what happened, chris? you don't want to feel entitled to that, do you? you don't need no stinking federal government. that's a honedout, man so pull up your belt if you can. that's wrong. glass house, but number one, ok, so chris christie, here we go, i'm going -- wait a minute. while i was away, apparently this happened on the "young turks." >> chris christie, from the "young turks," we wish you a very very happy thanksgiving and say to you governor christie for the rest of 2012, we will not utter an ill word about you and we look forward to 2013. >> cenk: i can't drop the elbow. i've got to give him a pardon for the rest of the year. why did you do that? we'll put somebody else in the middle of the ring. who was also an absurd makeup? well, rush has got a different theory on what happened to lee von belcher. >> can we
after superstorm sandy guess what he wanted money from? the federal government. he is entitled to seventies 5% of cost and repairs, et cetera. he didn't ask for 75%. >> i am requesting that the federal government exercise its discretion: >> cenk: what happened, chris? you don't want to feel entitled to that, do you? you don't need no stinking federal government. that's a honedout, man so pull up your belt if you can. that's wrong. glass house, but number one, ok, so chris christie,...
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Dec 4, 2012
12/12
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FOXNEWSW
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residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden sym
residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ engine...
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Nov 29, 2012
11/12
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CNBC
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any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt retailers' bottom lines? >> that's the question. this year discounts were so heavy. so is black friday really turning in to red friday. typically it signifies the beginning of when retailers start making money. but you saw that the promotions were crazy. there were televisions at best buy for under $200. that was a 50% discount. walmart was guaranteeing in stock on ipad 2s giving away a $75 gift certificate. so the question is are they just giving away sales here. >> and that will be something to watch when we he get those figures, too, whether it reflects discounting as much as it does v
any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt...
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Dec 4, 2012
12/12
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FOXNEWSW
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residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you c
residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and...
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291
Dec 6, 2012
12/12
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CNBC
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eye 291
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Dec 7, 2012
12/12
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CNBC
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eye 98
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...
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136
Nov 30, 2012
11/12
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CNBC
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eye 136
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they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the cme with jim bianco. rick? >> absolutely. always an interesting guest. welcome, jim. i guess let's start out, you know, if i go back to october 26th when gdp from third quarter had its flash and it was 2%, the market was down close to ten basis points. they weren't satisfied with it even though it was better than everybody thought. so yesterday we get an upgrade to 2.7 and what happens? the market doesn't do anything to the down side reflecting that strength. so i think the market is smart. what do you think? >> i do too
they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the...
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Nov 30, 2012
11/12
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CURRENT
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eye 182
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it turns out that we know not just hurricane sandy. it was a pretty big season. jack bevins is with the hurricane watch service, national hurricane center. thank you. >> we are expecting a fairly active year. it may have been in terms of the named storms a little bit more active than what we were expecting. >> and he gives us the full court. >> we get 19 main storms during the year 10 of which became hurricanes. at the present time, we know that one of these hurricanes is actually a major hurricane, category 3 or higher. >> bill: you know what's funny? i don't remember, the only one i remember is sandy. right? but 19 of them this year. have you seen more that could be related to global warming. >> the scientists tell us that there is going to be an increase because of global warming in the number and in the severity of hurricanes. now, we can't look at one hurricane event and say, this is a result of climate change, but what you can absolutely demonstrate is that climate change and global warming is leading to more hurricanes action more severe storms and as a re
it turns out that we know not just hurricane sandy. it was a pretty big season. jack bevins is with the hurricane watch service, national hurricane center. thank you. >> we are expecting a fairly active year. it may have been in terms of the named storms a little bit more active than what we were expecting. >> and he gives us the full court. >> we get 19 main storms during the year 10 of which became hurricanes. at the present time, we know that one of these hurricanes is...
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226
Dec 5, 2012
12/12
by
CNNW
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eye 226
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in putting in new jersey because new jersey is the 40th anniversary of bruce springsteen and because sandy affected new jersey, too. they are bouncing back, too. and the sixth -- >> maybe you'll get a sighting of chris christie, and he will swear at you. >> that's an added bonus, getting sworn at. >> in jersey, it's a badge of honor. i worked in jersey for a long time. it's great to meet you. beautiful pictures too. for more on this list, check out cnn.com. it's awesome. >>> it's been a really big day in washington state tomorrow for some people because any adult there is going to be able to smoke marijuana legally. tomorrow. just a little bit, though. like an ounce, which to some people is not a little bit, but you don't need a reason. you don't need glaucoma or trouble sleeping. no medical reason at all. this might keep you awake. it is still illegal under federal law month matter whether you are in washington, colorado, which is in a month, or anywhere else. the state actually -- washington hasn't even checked yet with the feds to see how they're going to sort of deal with this lawinger
in putting in new jersey because new jersey is the 40th anniversary of bruce springsteen and because sandy affected new jersey, too. they are bouncing back, too. and the sixth -- >> maybe you'll get a sighting of chris christie, and he will swear at you. >> that's an added bonus, getting sworn at. >> in jersey, it's a badge of honor. i worked in jersey for a long time. it's great to meet you. beautiful pictures too. for more on this list, check out cnn.com. it's awesome....
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Dec 7, 2012
12/12
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CNNW
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eye 165
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november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80 years ago. this independent bookstore has beaten the odds surviving the great depression, world war ii and fred bass, who was a baby when his dad started the strand says the store is enduring these tough times, too. >> we have good books and good prices. lately we've been selling a lot of new books at discount, but it's mostly used book or out of print books. >> the strand's eclectic approach allows it to appeal to a broad array of clients hunting the trivial and treasured on the shelves like this rare copy of . >> the strand success is about more than inventory. employees top to bottom must possess a deep know
november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80...